The dollar rises with the continuation of inflationary pressures in America

producer price index for final order in United State It rose 0.3 percent in November and 7.4 percent year on year, a slight surprise increase from expectations for the index rising 0.2 percent and 7.2 percent, respectively.

The pound sterling fell 0.27 percent to $1.22335 in early Asian trading, while the Australian dollar fell 0.34 percent to $0.6773.

The euro was last down 0.1 percent at $1.0520.

The dollar rose 0.12 percent against the Japanese yen to 136.73. The dollar index also rose against a basket of currencies by 0.04 percent to 105.09.

The offshore yuan rose slightly to 6.9730 per dollar, supported by continued optimism about China’s easing of its strict coronavirus restrictions.

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Last Friday’s data showed that producer price index for final order in United State It rose 0.3 percent in November and 7.4 percent year on year, a slight surprise increase from expectations for the index rising 0.2 percent and 7.2 percent, respectively.

The pound sterling fell 0.27 percent to $1.22335 in early Asian trading, while the Australian dollar fell 0.34 percent to $0.6773.

The euro was last down 0.1 percent at $1.0520.

The dollar rose 0.12 percent against the Japanese yen to 136.73. The dollar index also rose against a basket of currencies by 0.04 percent to 105.09.

The offshore yuan rose slightly to 6.9730 per dollar, supported by continued optimism about China’s easing of its strict coronavirus restrictions.

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